GOP wrestles with rising data center backlash weeks before midterms

Oct 1, 2026

Fed's Kashkari says inflation 'still too high' despite lower PCE data than expected

Federal Reserve Bank of Minneapolis President Neel Kashkari said Wednesday that inflation remains “too high,” after the the Bureau of Economic Analysis (BEA) released data showing that annual inflation remained above the central bank’s 2 percent target in August. “Inflation is still too high,” Kashkari told CNBC’s Steve Liesman at a Council on Foreign Relations...

Oct 1, 2026

10-year Treasury yields hit 24-year high

The yield on the 10-year U.S. Treasury bond hit a 24-year high during Thursday trading, forecasting higher borrowing costs for Americans. The 10-year bond yield topped 5.34 percent early Thursday morning, the note’s highest mark since April 2002. That month, the yield reached a closing peak of 5.48 percent. The note has since decreased to...

Oct 1, 2026

10-year Treasury yields hit 24-year high

The yield on the 10-year U.S. Treasury bond hit a 24-year high during Thursday trading, forecasting higher borrowing costs for Americans. The 10-year bond yield topped 5.34 percent early Thursday morning, the note’s highest mark since April 2002. That month, the yield reached a closing peak of 5.48 percent. The note has since decreased to...

Oct 1, 2026

Trump Dangles Alaska Gas Project as Part of Korean Investment Package

The long-delayed project, which the developer has not yet formally greenlit, would deliver Alaskan gas to Asian markets but take several years to construct.

Oct 1, 2026

Trump economic approval hits new low: Survey

Many Americans share a negative view of President Trump's handle on the economy, with the numbers hitting a new low this week, according to a recent poll. The survey from The Associated Press/NORC Research Center, published Thursday, found 65 percent of U.S. adults blame Trump's policies for high prices more than other economic drivers. The...

Oct 1, 2026

Calls for gas tax suspensions grow as Americans struggle with high prices

With gasoline prices hovering near an average of $4.50 a gallon amid the Iran war, calls to suspend federal and state gas taxes are gaining momentum. Multiple states, including Indiana and Georgia this week, have either suspended or reduced their own fuel taxes to ease prices at the pump, which have been elevated by the...

Oct 1, 2026

GOP wrestles with rising data center backlash weeks before midterms

Republicans are growing increasingly worried that data centers are a liability in the midterms, as concerns over higher power bills tied to the facilities turn into a pocketbook issue for voters. The debate over the issue was on full display Wednesday, after Senate Democrats blocked legislation championed by Sen. Jon Husted (R-Ohio) — who is...

Oct 1, 2026

Fed's Warsh seeks to avoid forward guidance. His colleagues aren't listening

Federal Reserve Chair Kevin Warsh has sought to move the central bank away from forecasting its policy decisions during his four-plus months in charge. But after the Fed raised interest rates earlier this month, multiple officials have indicated future hikes are coming. “If the economy evolves in a manner broadly consistent with my forecast, one...

Oct 1, 2026

GOP wrestles with rising data center backlash weeks before midterms

Republicans are growing increasingly worried that data centers are a liability in the midterms, as concerns over higher power bills tied to the facilities turn into a pocketbook issue for voters. The debate over the issue was on full display Wednesday, after Senate Democrats blocked legislation championed by Sen. Jon Husted (R-Ohio) — who is...

Oct 1, 2026

Indiana governor extends gas tax suspension

Indiana Gov. Mike Braun (R) said Wednesday he is extending his state’s gas tax suspension as fuel prices elevate due to the ongoing war in Iran “Today I announced another gas tax extension with additional relief for farmers,” Braun said in a post to social platform X. “Our farmers have the hardest job in America.”...

Sep 30, 2026

Paul blocks push to unanimously pass Kids Online Safety Act

Sen. Rand Paul (R-Ky.) blocked an effort from Sens. Richard Blumenthal (D-Conn.) and Marsha Blackburn (R-Tenn.) on Wednesday to pass by unanimous consent the Kids Online Safety Act (KOSA), a long-sought bill that intends to protect kids in the digital space. KOSA, which aims to hold accountable social media companies for the alleged harms their...

Sep 30, 2026

Jeffries knocks Trump opposition to AI guardrails

House Minority Leader Hakeem Jeffries (D-N.Y.) on Wednesday knocked President Trump for opposing federal limits on the development of AI. Jeffries said Trump’s approach of allowing the AI industry to police itself is a classic — and dangerous — case of letting the fox guard the henhouse. “The notion of entering into a voluntary agreement...

GOP wrestles with rising data center backlash weeks before midterms

More News

Fed's Kashkari says inflation 'still too high' despite lower PCE data than expected

10-year Treasury yields hit 24-year high

10-year Treasury yields hit 24-year high

Trump Dangles Alaska Gas Project as Part of Korean Investment Package

Trump economic approval hits new low: Survey

Calls for gas tax suspensions grow as Americans struggle with high prices

GOP wrestles with rising data center backlash weeks before midterms

Fed's Warsh seeks to avoid forward guidance. His colleagues aren't listening

GOP wrestles with rising data center backlash weeks before midterms

Indiana governor extends gas tax suspension

Paul blocks push to unanimously pass Kids Online Safety Act

Jeffries knocks Trump opposition to AI guardrails

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